L3Harris, Workers Finalize $650,000 Retirement Plan Settlement

A $650,000 class settlement benefiting participants in L3Harris Technologies Inc.'s retirement plan received final court approval, as did an award of about $288,000 in attorneys’ fees and expenses for the participants’ lawyers.

The deal, which is expected to cover more than 40,000 people, represents about 22% of the plaintiffs’ highest estimated damages in connection with the plan’s recordkeeping fees. The amount reflects the company’s “strenuous arguments” that the participants weren’t harmed by the plan’s investments, according to the settlement motion.

• Judge Paul Byron of the US District Court for the Middle District of Florida granted final approval to the ...